Edward K. Zinser Sells 2,500 Shares of Universal Electronics Inc. (NASDAQ:UEIC) Stock

Universal Electronics Inc. (NASDAQ:UEIC) Director Edward K. Zinser sold 2,500 shares of Universal Electronics stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $10.68, for a total transaction of $26,700.00. Following the completion of the transaction, the director now owns 38,062 shares of the company’s stock, valued at $406,502.16. The trade was a 6.16 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Universal Electronics Price Performance

Shares of UEIC opened at $10.71 on Friday. Universal Electronics Inc. has a twelve month low of $7.17 and a twelve month high of $14.20. The firm has a fifty day simple moving average of $8.73 and a two-hundred day simple moving average of $10.29.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in shares of Universal Electronics by 1.5% during the first quarter. Vanguard Group Inc. now owns 555,163 shares of the technology company’s stock valued at $5,557,000 after buying an additional 7,994 shares during the period. Sei Investments Co. purchased a new position in Universal Electronics during the 2nd quarter valued at $212,000. Acadian Asset Management LLC lifted its position in shares of Universal Electronics by 9.1% in the 2nd quarter. Acadian Asset Management LLC now owns 499,940 shares of the technology company’s stock worth $5,804,000 after purchasing an additional 41,795 shares during the period. Ancora Advisors LLC boosted its stake in shares of Universal Electronics by 7.2% during the 1st quarter. Ancora Advisors LLC now owns 269,834 shares of the technology company’s stock valued at $2,701,000 after purchasing an additional 18,050 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new position in Universal Electronics in the second quarter worth about $122,000. Institutional investors own 79.35% of the company’s stock.

Analysts Set New Price Targets

UEIC has been the topic of several analyst reports. StockNews.com upgraded Universal Electronics from a “hold” rating to a “buy” rating in a research report on Thursday, September 19th. Rosenblatt Securities raised shares of Universal Electronics from a “neutral” rating to a “buy” rating and set a $15.00 price target for the company in a report on Friday, November 8th. Finally, B. Riley upgraded shares of Universal Electronics from a “neutral” rating to a “buy” rating and boosted their price target for the company from $11.00 to $14.00 in a research report on Monday.

About Universal Electronics

Universal Electronics Inc designs, develops, manufactures, ships, and supports control and sensor technology solutions in the United States, the People’s Republic of China, rest of Asia, Europe, Latin America, and internationally. The company offers voice-enabled automatically-programmed universal two-way radio frequency, as well as infrared remote controls to video service providers, original equipment manufacturers (OEMs), retailers, and private label customers; wall-mount and handheld thermostat controllers and connected accessories for smart energy management systems to OEM customers, hotels, hospitality, and system integrators; proprietary and standards-based RF sensors for residential security, safety, and home automation applications; and integrated circuits on which its software and universal device control database is embedded to OEMs, video service providers, and private label customers.